| North Valley Bancorp | |
| Industry: | Banking |
| Fate: | Acquired by Tri Counties Bank |
| Location: | Redding, California |
| Revenue: | $32 million (2013) |
| Net Income: | $3 million (2013) |
| Assets: | $917 million (2013) |
| Equity: | $93 million (2013) |
| Num Employees: | 319 |
| Footnotes: | [1] |
North Valley Bancorp was a bank holding company headquartered in Redding, California. The company operated 22 branches. The company was acquired by TriCo Bancshares in October 2014, in a merger valued at more than $178 million.[2]
In September 1972, North Valley Bank was established as a California-chartered bank. The company commenced operations in February 1973.[1]
In 1980, North Valley Bancorp was incorporated as the holding company for North Valley Bank.[1]
In 2000, the company acquired Six Rivers National Bank.[3] [4] [1]
In September 2004, the company acquired Yolo Community Bank for $23 million.[5] [6] [7] [1]
In June 2006, the company merged its two subsidiary banks: North Valley Bank and NVB Business Bank.[8]
In 2007, Sterling Financial Corporation agreed to acquire the company for $196 million in cash and stock, but the merger was cancelled after failing to win regulatory approval.[9] [10]
In October 2014, the company was acquired by Tri Counties Bank for $178.4 million in stock.[11] [12]